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Livestock Roundup

October 8, 2019

Live Cattle (December)

December live cattle retreated today but remained in an inside day, trading within the previous day’s range. Resistance remains intact from 111.175-111.40, the bears need to see more of a clear-cut rejection to spark a round of long liquidation. First technical support comes in from....Sign up for your FREE two-week trial!

 

Feeder Cattle (November)

November feeder cattle traded both sides of unchanged before finishing the day in positive territory. Grains finished on firm ground which may lead you to believe that feeders would be under pressure, but that correlation has broken down considerably over the last few months. 143.50-144.15 has been resistance going back to July and remains intact. If the bulls can achieve consecutive closes above here it....Sign up for your FREE two-week trial!

 

PM Boxed Beef / Choice / Select

Current Cutout Values: / 213.60 / 187.06

Change from prior day: / 2.51 / 1.15

Choice/Select spread: / 26.54

 

Lean Hogs (December)

December lean hog futures finished yesterday’s session limit down, which gave us the gift of expanded limits today. The market took advantage of those expanded limits, but to the upside. As stated several times in the past several months, lean hogs are....Sign up for your FREE two-week trial!

 

 

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Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

 

 

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